Short Interest in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) Declines By 71.3%

FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 37,054 shares, a decrease of 71.3% from the May 14th total of 129,038 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 44,049 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On FT Energy Income Partners Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EIPX. AlTi Global Inc. lifted its stake in FT Energy Income Partners Strategy ETF by 4.8% during the 1st quarter. AlTi Global Inc. now owns 4,637,146 shares of the company’s stock valued at $149,121,000 after acquiring an additional 213,373 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of FT Energy Income Partners Strategy ETF during the 1st quarter valued at $5,182,000. Eastern Bank bought a new position in shares of FT Energy Income Partners Strategy ETF during the 4th quarter valued at $2,666,000. Arax Advisory Partners bought a new position in shares of FT Energy Income Partners Strategy ETF during the 4th quarter valued at $1,815,000. Finally, Marshall Investment Management LLC bought a new position in shares of FT Energy Income Partners Strategy ETF during the 3rd quarter valued at $1,224,000.

FT Energy Income Partners Strategy ETF Trading Up 0.8%

EIPX stock traded up $0.25 during midday trading on Friday, hitting $32.08. The company’s stock had a trading volume of 11,080 shares, compared to its average volume of 40,504. The company has a market cap of $519.70 million, a PE ratio of 14.99 and a beta of 0.32. The firm’s 50-day moving average is $32.06 and its 200-day moving average is $30.01. FT Energy Income Partners Strategy ETF has a 12 month low of $25.38 and a 12 month high of $33.09.

About FT Energy Income Partners Strategy ETF

The FT Energy Income Partners Strategy ETF (EIPX) is an exchange-traded fund that mostly invests in energy equity. The fund seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser. EIPX was launched on Nov 2, 2022 and is managed by First Trust.